A retired auto worker and his two adult children claimed a $314 million Powerball jackpot Monday after waiting two weeks to step forward.
"I know the world is going to turn upside down," said David Coterel, 65, of Riverside, Ohio. Coterel's daughter, Lynn Hiles, 46, said she has quit her job as a postal worker in Dayton, Ohio. Her 42-year-old brother, David Coterel, recently took a buyout from his job at an auto parts plant.
Neither has any children, and their mother, Dorothy, died of cancer three years ago.
The family decided to take the cash option on the prize from the Aug. 25 drawing, meaning they will collect $145,985,099 before taxes, Hoosier Lottery executive director Kathryn Densborn said.
The elder Coterel, 65, who is retired from General Motors, bought the quick-pick ticket the afternoon of the drawing.
"I lost it," he said of learning he had the winning ticket. "I'm an emotional person, but I really lost it."
The winning ticket bearing the numbers 2, 8, 23, 29, 35 and Powerball 19 was bought at a Speedway convenience store in Richmond, along the Indiana-Ohio state line about 100 kilometres east of Indianapolis.
The first person he called was his daughter, who quit her job as a nightshift postal worker in Dayton two days later.
Congratulations to the Coterels !!
Good things happen to good folks.
Please adopt me. I don't eat much. I sleep on the floor. I always do my chores without complaint.
Congratulations. Hopefully, I'll have my turn soon.
How many emails did you send to Lynn Hiles asking her to marry you?
Even if she would say yes, that would never happen. I'd be happy winning $1M, but I wouldn't mind winning tonight's Hoosier Lotto drawing for $46.5M.
Why would you want to live with a multi-millionare who would make you sleep on the floor, starve you and ask you do chores?
"I know the world is going to turn upside down"
Absolutely. So much more realistic than the winners who say "Everything is going to be the same. Maybe I'll buy a new lawnmower."
Is the reporter Canadian cause I'm pretty sure they do not use kilometers in Ohio?
Seems like the lottery is leaving out how many tickets people actually buy a lot lately. I highly doubt one, which is what the lottery would like you to believe. I am willing to bet most winners are getting 40-100 at least, not 1-5 even if it is possible to win with one ticket. Oh and it seems that anyone under 65 rarely wins much anymore.
Just love stories like these!
Notice also t hat the winning numbers are sold near the border of the state line;
Now......people who run state lottery's wouldn't cheat the citizens in the larger cities or the vast section of the state ( who support the lottery in the Millions of dollars) out of a large win would they ??????????People from all over the state got tickets and lost every dime -yet ....the winners show up on a terminal in the smallest town ,within walking distance from the state line ...wonder if they also have had multiple instant ticket winners also ????? would they by selling us the loosers .....!!!!!!!!!?????????
seems like I heard multiple stories like that here in NY .....winning tickets sold in obscurie places , where t he vast majority of people couldn't get there by Grayhound !!!
Congrats to the Coterel family! Enjoy your winnings and do things you had only dreamed about. Another one for the QuikPiks!
Wasn't it someone on this board who pointed out last week that the vendor was in a border area so the winner could very well have been from another state or a traveler passing through. Looks as though we have good intuitions (for everything but the winning number--LOL!!)
It was not only pointed out by an LP member but also by a local news reporter since it had happened before. Before Ohio had MegaMillions, a lot of the people buying PowerBall tickets in Richmond were from Ohio.
Did you hear. He is waiting for CA supper lotto to go into "sudden death". Then he will by all the tickets and step forward......
Stories like that makes me happy
,,I hope they don't run into people begging for money,,so they can buy a house.
Guess what fellow LPer's, I got food poisoning from the cafeteria at my place of employment
I know foodpoisoning has nothing to with this story,,but i had to share this with my LP family, heh heh
I hope you feel better.
Finally someone smart enough to actually quit their job, or at least admit to it. I was expecting "We will keep working like complete fools, and nothing will change much. It is a lot of money, but not a lot of money..."
314M - isn't that the exact (annuity value) amount JW won? Someday all of you will be over 65 so you'll enter into the high winning bracket yourself, and by then maybe the jackpots will be over a billion!
This one was $314.3M, Jack Whitaker won $314.9M.
The difference between this PB jackpot and Jack's is far bigger than those numbers suggest. These people and Jack both chose the lump sum. They're getting about 146 million before taxes and Jack got about 170. Yet another excellent example of how misleading the annuity value is.
It's not misleading. You get the prize you choose. You're trying to say that because Jack Whitaker's cash value was $170M and this one was $146M, that the cash value has gone down, but that's not true. It is the interest rates that have gone UP. The cash value is determined first, then they calculate the annuity value. So now, PowerBall can offer a higher annuity prize with less cash than it could 5 years ago.
I agree with both of you. Yes, interest rates are a bit higher, but I don't think that's the only reason. Isn't another reason the lump sum value is lower because PB changed the structure from even payments to gradual increases? That makes a big difference because the annuitant gets a much smaller check every year and, therefore, more money stays in the pot making it grow. So the final amount after 30 years is higher but the initial amount is considerably lower. IMHO this is cheating the player, because most people when they realize all the negatives will take the lump sum. I wouldn't complain if I "only" ended up with $10 million but that's not the point. Also, I used to think taking annual payments was the way to go until another LP member enlightened me to the fact that, if I bite the dust, my beneficiaries will have to pay estate tax on the entire amount, even though they haven't yet received it. I looked that up and there have been many lawsuits against the IRS because, of course, people can't possibly pay it without selling the annuity and taking a huge loss. Then they end up with hardly anything. So maybe it isn't false advertising, but to me it's very deceptive.
People should automatically assume that the advertised jackpot is the annuity amount, so it's not false advertising. It even states on the PowerBall website that the annuity value and cash value are 2 distinct prize options and because it's your option which prize to take, you really having nothing to complain about and there is no cheating of the player. There's also the third option: DON'T PLAY. If someone is going to complain about a game and it's rules, then that person shouldn't even play at all. Either be happy with what the game offers, or don't play, it's as simple as that. Of course, those people who are currently complaining about cash value vs annuity value all of a sudden won, I'm sure they wouldn't be complaining at all.
well I dis-agree with the assumtion that if you don't like the RULES OF THE GAME , AND YOU DON'T AGREE WITH THE GAME ........don't play ;
the lottery are State run and state controled (in part) and the Government is You and me and all of its citizens .....so we do have a right to complain......and to make new laws concerning the lottery ...I always hated some new lotterys like Mega who pay out over 26 years.....thats way to long I say 20 yrs,. is considered life;
I prefer my money while I am alive not dead @Time is also against the value of money
and gives weight to your argument on the annuity ;
Wait, you're telling me you don't think someone shouldn't play a game if they don't like the rules? That just doesn't make sense. They know the rules, they should either be happy with them or not, and if they don't, they shouldn't play. Not everyone can be pleased. It's just simple logic. Also, when in my previous post did I say the annuity option is better than the cash option? I didn't. You said you want your money now, but I would guess you are 35 or older. Someone much younger, for example, me, who is 21 years old, might be better off taking the annuity option. Neither of the 2 options is completely better than the other. It just depends on the person who won, and in the end, it's their choice.
What I said was ";;;;
the lottery are State run and state controled (in part) and the Government is You and me and all of its citizens .....so we do have a right to complain......and to make new laws concerning the lottery " I stand by my words ...state run operations like the lottery
may make new laws diffficault but it is our lottery and we can change the rules for the better............
2nd>>>D>>>motion
car-family>>^^^^^^
PSYKOMO
Nice thought, you got there.
You have a better chance to ask Jack Whittaker. He won the same amount. He's lonely.